4453 COLFAX AVE STUDIO CITY, CA 91602

$3,999,000

Listed By Daniel Lalezari, Keller Williams Hollywood Hills

16

Bedrooms

16

Total Baths

Full Baths

6,014

Square Feet

0.01

Acres

2022

Year Built

Active

Status

MLS#

22-153639

Welcome to 4453 Colfax Ave, an exceptionally unique non-rent controlled new construction fourplex in Studio City. This gorgeous, easy-to-maintain fourplex is made up of two duplexes consisting of four, 4 bedroom, 4 bathroom units each. We project an exceptional cap rate of 5.02%, which is impossible to find in this A+ location as other apartment buildings in Studio City are selling at a 3.80% cap rate. There are multiple lease applications in hand at the market rent of $5,200 to fully rent out all the units if the buyers choose to. The building is close to the new Shops at Sportman Lodge that features stores, shops, and restaurants including Erewhon, Equinox, and walkability to the nice restaurants and shops at Moorpark Tujunga Village. The units include a sleek modern kitchen with stainless steel appliances, high-quality finishes, balconies, inviting open floorplans, separate meters for gas, water & electric, low maintenance, and top desirability amongst renters for the location proximity to Universal Studios, over the hill to West Hollywood, Sherman Oaks and Toluca Lake. This is a trophy property in an amazing location that is an investor's dream, perfect for anyone with a 1031 EXCHANGE or anyone wanting an extraordinary fourplex in one of the best locations in all of Los Angeles with an amazing cap rate. The building is fully vacant and is ready to be leased immediately with all lease applications in hand or the buyer's choice of renters. Furthermore, there are some similar buildings close by that are renting fully furnished from $7,500 to $10,000 per month with an opportunity for more net income. Buyer is to verify all and do their own due diligence.

Details

Year Built
2022
Parking
8
Price / Sq Ft
$665
HOA
No Info
Cooling
Yes
Heating
Yes
On Website
53 Days
Acres
0.0115

Listing Office Keller Williams Hollywood Hills, 310-623-1300

MLS# 22-153639

Updated 1:08PM - 6/26/2022

Listing Agent Daniel Lalezari, 310-650-4220

The multiple listings information is provided by The MLS/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2022 The MLS/CLAW. All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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